Weatherford: Highly Disappointing Cash Flow Development
Weatherford missed cash flow targets causing the stock to crash.
The liquidity position doesn't appear nearly as dire as the stock reaction.
The stock is highly risky until the company can prove that positive free cash flows are indeed in the future.
My previous research focused on the shockingly strong cash flow position for Weatherford (NYSE:WFT). The oilfield services company was always a weak player in the sector so the general assumption that the downturn would doom the company wasn't so apparent. At least, it wasn't until maybe after the company reported disappointing Q1 results.